Key Developments: Softbank Corp (SFTBF.PK)
57.09USD
21 May 2013
$-1.97 (-3.34%)
$59.06
$56.82
$57.09
$56.82
800
2,523
$59.31
$28.73
Latest Key Developments (Source: Significant Developments)
SoftBank Plans USD 3.9B Bond Issuance To Fund Sprint Deal-Dow Jones Global Equities News
Dow Jones Global Equities News reported that SoftBank Corp. plans to raise JPY 400 billion (USD 3.9 billion) via a record bond issuance in June, a person familiar with the matter said Tuesday, as Sprint Nextel Corp. (S) weighs the Japanese carrier's USD 20.1 billion offer against a rival USD 25.5 billion bid from Dish Network Corp. Full Article
Softbank Corp to Change English Version of Company Name
Softbank Corp announced that it will change the English version of its company name from SOFTBANK CORP. to SoftBank Corp., effective June 21, 2013. Full Article
Softbank Corp Announces Result of Takeover Bid Launched by Subsidiary for Shares of GungHo Online Entertainment, Inc
Softbank Corp announced that its subsidiary, SOFTBANK MOBILE Corp, has acquired 73,400 shares (6.37% voting rights) of GungHo Online Entertainment, Inc., at the price of JPY 340,276 per share, during the period from April 1, 2013 to April 26, 2013. The payment will be conducted on May 7, 2013. After the transaction, SOFTBANK MOBILE will hold 6.37% voting rights of GungHo Online Entertainment, up from 0%. Full Article
Softbank Corp Announces Terms of 2020 due USD and Euro Denominated Convertible Bonds
Softbank Corp announced that it has decided on the terms of the 2020 due USD and Euro denominated convertible bonds. The Company will be issuing 2020 due USD denominated convertible bonds of USD 2.485 billion in total (or approximately JPY 243.5 billion), with an interest rate at 4.500%, and 2020 due Euro denominated convertible bonds of EUR 625 million in total (or approximately JPY 80.6 billion) with an interest rate at 4.625%. For both bonds, the redemption date is April 15, 2020 with a term of seven years, and the payment date is April 23, 2013. The bonds will be listed on Singapore Exchange Securities Trading. Full Article
Dish Network Corp Makes National Security Argument For Sprint Nextel Corp Offer; Asks To Suspend Review Of Proposed Sprint Acquisition To Softbank Corp-Reuters
Reuters reported that Dish Network Corp is asking U.S. regulators to suspend the review of the proposed acquisition of Sprint Nextel Corp to Japan's Softbank Corp, saying its own counter-bid would be preferable for U.S. national security reasons. Dish in the past has asked the Federal Communications Commission for such a suspension, but in a filing posted online on Thursday, the satellite TV provider reinforced the request with arguments promoting its own, unsolicited $25.5 billion bid made for Sprint on Monday. Sprint's board, which previously agreed to the SoftBank offer, is now studying the Dish offer. In the filing, Dish touted the premium its bid would offer Sprint shareholders and also pointed to SoftBank's foreign origin, saying that the Japanese company lacked the existing in-market infrastructure, among other things. Full Article
Omega Joins Shareholders Talking Up Dish Network Corp's Bid For Sprint Nextel Corp Over Softbank Corp's Offer-Reuters
Dow Jones reported that Omega Advisors, one of the biggest shareholders in Sprint Nextel Corp, on Wednesday joined a growing group of investors who say they favor Dish Network Corp's $25.5 billion bid for the Company over Softbank Corp's offer. Dish Chairman Charlie Ergen on Monday announced a challenge to SoftBank's $20.1 billion offer to buy 70% of Sprint, prompting support from shareholders including activist Paulson & Co. on Tuesday. Full Article
Softbank Corp to Issue 2020 due USD and Euro Denominated Convertible Bonds
Softbank Corp announced that it has decided to issue the 2020 due USD and Euro denominated convertible bonds, in amount of USD 2,000 million. The other details regarding the bonds issue are to be determined. Full Article
Softbank Corp's Subsidiary Launches Takeover Bid for Shares of GungHo Online Entertainment, Inc.
Softbank Corp announced that its subsidiary, SOFTBANK MOBILE Corp, has launched a takeover bid for at most 73,400 shares (6.37% stake) of GungHo Online Entertainment, Inc., at the price of JPY 340,276 per share, during the period from April 1, 2013 to April 26, 2013. Full Article
START TODAY CO LTD Announces Liquidation of Joint Venture with Softbank Corp
START TODAY CO LTD announced that it has decided on the liquidation of ZOZOTOWN HONGKONG Co., LIMITED, which is a joint venture established with Softbank Corp, as well as the liquidation of a subsidiary of ZOZOTOWN HONGKONG, in late March 2013. The Company and Softbank hold a 52.7% stake and a 47.3% stake in the joint venture, respectively. The joint venture has been engaged in investment in China business, based in Hong Kong. Full Article
Softbank Corp to Issue Unsecured Corporate Bonds
Softbank Corp announced that it will issue a JPY 300 billion 41st series unsecured corporate bonds with interest rate 1.47％ and maturity on March 10, 2017, as well as a JPY 70 billion 42nd series unsecured corporate bonds with interest rate 1.467％ and maturity on March 1, 2017, both with a face value of JPY 100 million and issue price at JPY 100 per face value of JPY 100, on March 12, 2013 and March 1, 2013 respectively. The 41st series bonds are mainly for individual investors and the 42nd series bonds are for institutional investors. Nomura Securities Co., Ltd., Daiwa Securities Co., Ltd., Mizuho Securities Co., Ltd. and three other companies will act as underwriters in the offerings, respectively. Full Article
CORRECTED-Deals of the day -- mergers and acquisitions
(Corrects Seven West Media Ltd item to show that KKR has not yet sold the stake. Also corrects value of stake.)
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
